Commercial - April 23, 2021
Franklin Templeton Releases CSR Report, Launches Environmental Committee
Franklin Templeton’s plans for 2021 include expanding Scope 3 emissions reporting, setting emissions targets, and creating an Environmental Committee to improve the company’s current sustainability initiatives. These plans were detailed in the company's recently released Corporate Social Responsibility Report.
These goals follow the inception of Franklin Templeton’s Stewardship and Sustainability Council last month, which will manage ESG infrastructure and institute best environmental practices for the global investment management organization. They also build on 2020’s achievements, such as the construction of a certified LEED Platinum office building in Poznan, Poland, and the installation of a 1 MW fuel cell in the company’s San Mateo headquarters. Such initiatives have helped the investment management company to lower its Scope 1 and 2 emissions by 26% since 2007.
“The events of the past year, including the global pandemic and ongoing racial and social injustices, have further reinforced the importance of global citizenship both as a business imperative and as part of our responsibility as industry leaders," said Jenny Johnson, President and CEO, with the release of the report. "At Franklin Templeton, we have embedded principles of corporate citizenship into our company culture and our investment strategy. While there is more work to be done, we continue to make important strides to keep these values at the core of what we do for our stockholders, clients, employees, and communities.”
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